As a part of its newly launched YES SCALE Smart City Accelerator, the Bank is inviting startups from around the world to collaborate with technology leaders like Bosch and Dell EMC and work on problem statements provided by respective smart cities.

As a partner to the programme, PwC has also committed to leading strategic partnerships and advisory and implementation of innovative solutions in the smart cities, a Bank statement here said on Friday.

Commenting on the development Mr Rana Kapoor, MD & CEO, YES BANK said, “This is a significant step towards creating ‘Collaboration-as-a-service’ economy and re-looking at urbanization as an opportunity, not a problem'.

'YES BANK’s cross industry collaboration through YES SCALE Smart City accelerator will empower these cities with innovative solutions to seamlessly connect people, processes & devices and enable administrators to respond faster to citizen’s needs while also creating new revenue sources. The strategy is fully aligned with the national agenda of moving India from Fragile 5 to making India a USD 5 TN economic super power.”

YES BANK’s YES SCALE Smart City accelerator has created an eco-system to help startups test, develop and deploy their solutions across the cities and further scale across the country, the statement added.